Tudor Pickering cut shares of Trinseo (NYSE:TSE) from a hold rating to a sell rating in a research report report published on Thursday, The Fly reports.
TSE has been the topic of a number of other reports. Zacks Investment Research upgraded Trinseo from a sell rating to a hold rating in a research note on Saturday, November 9th. ValuEngine cut shares of Trinseo from a strong-buy rating to a buy rating in a research note on Thursday. Morgan Stanley cut their price objective on shares of Trinseo from $49.00 to $32.00 and set an equal weight rating on the stock in a research note on Wednesday, August 14th. Citigroup cut shares of Trinseo from a neutral rating to a sell rating and lifted their price objective for the company from $32.00 to $35.00 in a research note on Wednesday, October 9th. Finally, Barclays set a $40.00 price objective on shares of Trinseo and gave the company a hold rating in a research note on Monday, September 9th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Trinseo presently has an average rating of Hold and a consensus target price of $47.83.
TSE stock traded down $0.51 during mid-day trading on Thursday, reaching $42.72. The company had a trading volume of 388,135 shares, compared to its average volume of 471,416. The company has a quick ratio of 2.06, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $1.75 billion, a P/E ratio of 5.89, a P/E/G ratio of 1.16 and a beta of 1.99. Trinseo has a one year low of $27.36 and a one year high of $52.95. The stock’s 50-day simple moving average is $43.21 and its two-hundred day simple moving average is $39.79.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, October 9th. Trinseo’s dividend payout ratio is currently 22.07%.
Several hedge funds and other institutional investors have recently modified their holdings of TSE. First Trust Advisors LP raised its stake in shares of Trinseo by 86.4% during the first quarter. First Trust Advisors LP now owns 78,387 shares of the basic materials company’s stock valued at $3,551,000 after purchasing an additional 36,331 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Trinseo by 118.3% during the second quarter. WINTON GROUP Ltd now owns 18,951 shares of the basic materials company’s stock worth $802,000 after acquiring an additional 10,270 shares during the period. Bessemer Group Inc. acquired a new position in Trinseo during the second quarter worth about $152,000. Zeke Capital Advisors LLC grew its holdings in Trinseo by 18.6% during the second quarter. Zeke Capital Advisors LLC now owns 11,848 shares of the basic materials company’s stock worth $502,000 after acquiring an additional 1,860 shares during the period. Finally, Strs Ohio grew its holdings in Trinseo by 410.9% during the second quarter. Strs Ohio now owns 23,500 shares of the basic materials company’s stock worth $994,000 after acquiring an additional 18,900 shares during the period. Institutional investors and hedge funds own 99.58% of the company’s stock.
Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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